September 3, 2013 / 4:01 AM / 6 years ago

Nokia CEO Elop to move to Microsoft, chairman to take over

Nokia Chief Executive Stephen Elop demonstrates the camera technology of the company's latest high-end smartphone, the Lumia 1020, at the company's headquarters in Espoo, during an interview with Reuters, July 17, 2013. REUTERS/Ritsuko Ando

HELSINKI (Reuters) - Nokia NOK1V.HE said its chief executive, Stephen Elop, will move to Microsoft Corp (MSFT.O) when the deal to acquire Nokia’s handset business is closed.

Nokia board chairman Risto Siilasmaa will take over CEO duties while the Finnish firm is looking for a new CEO.

Elop was hired as Nokia CEO in 2010 from Microsoft.

Reporting by Terhi Kinnunen; Editing by Matt Driskill

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